Economics · Economy
What is the primary objective behind the establishment of Regional Rural Banks (RRBs) in India?
- 1Providing long-term finance exclusively to large manufacturing industries
- 2Providing direct insurance facilities for urban and rural populations
- 3Promotion of export-import activities and large business houses
- 4Developing the rural economy by providing credit to small farmers and artisans✓
Correct answer
Developing the rural economy by providing credit to small farmers and artisans
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